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Pearson in talks to sell 50% stake in The Economist

One other shareholder of the weekly newspaper, Italy's Agnelli family, confirms it wants to increase its holding; a deal is likely to take several weeks, says a source

Published Sun, Jul 26, 2015 · 09:50 PM
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BRITAIN'S Pearson is in talks to sell its 50 per cent stake in The Economist to the other shareholders of the weekly newspaper, with one, Italy's Agnelli family, confirming it wants to increase its stake.

The move comes on the heels of Pearson's sale of the Financial Times newspaper to Japanese media group Nikkei, announced last week as it focuses on its education business.

"Pearson confirms it is in discussions with The Economist Group Board and trustees regarding the potential sale of our 50 per cent share in the group," the company said in a statement on Sat…

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